6 hours ago
Mexico's government is slashing financial ******* istance for the state energy major by as much as 70% despite Pemex's continued struggle to pay down debt and boost production. The decision rests on expectations that the company will benefit from the oil and gas price rally spurred by the U.S. and Israeli war against Iran.
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
7 hours ago
Northern Trust Corporation (NASDAQ:NTRS) announced on September 7 that Warwickshire Pension Fund had appointed it to provide global custody, valuation reporting, capital call execution and performance measurement. The UK public pension fund has approximately £3.6 billion, or $4.8 billion, in ****** ets.
The appointment strengthens the pension-servicing franchise of Northern Trust Corporation (NASDAQ:NTRS). Contract duration and fees were not disclosed in the announcement. The investment question is whether the relationship can generate meaningful recurring revenue and support further wins.
Scale sets the hurdle. Northern Trust Corporation (NASDAQ:NTRS) reported $20.0 trillion of ****** ets under custody or administration at June 30. Warwickshire's ****** ets equal approximately 0.024% of that base. The pension ****** ets represent a servicing opportunity, with revenue depending on the services provided and contractual pricing.
Northern Trust Corporation (NASDAQ:NTRS) won responsibility for several connected functions. Combining custody, valuation reporting, and performance measurement could make the relationship more embedded in the fund's operations. Capital call execution also provides a role in supporting private-market investments.
Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership. For Northern Trust Corporation (NASDAQ:NTRS), successful delivery could provide a reference for additional pension mandates. The opportunity lies in repeating the service model across clients and expanding relationships as operational needs evolve.
#pension #assets
The appointment strengthens the pension-servicing franchise of Northern Trust Corporation (NASDAQ:NTRS). Contract duration and fees were not disclosed in the announcement. The investment question is whether the relationship can generate meaningful recurring revenue and support further wins.
Scale sets the hurdle. Northern Trust Corporation (NASDAQ:NTRS) reported $20.0 trillion of ****** ets under custody or administration at June 30. Warwickshire's ****** ets equal approximately 0.024% of that base. The pension ****** ets represent a servicing opportunity, with revenue depending on the services provided and contractual pricing.
Northern Trust Corporation (NASDAQ:NTRS) won responsibility for several connected functions. Combining custody, valuation reporting, and performance measurement could make the relationship more embedded in the fund's operations. Capital call execution also provides a role in supporting private-market investments.
Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership. For Northern Trust Corporation (NASDAQ:NTRS), successful delivery could provide a reference for additional pension mandates. The opportunity lies in repeating the service model across clients and expanding relationships as operational needs evolve.
#pension #assets
7 hours ago
By Susan Heavey
WASHINGTON, Sept 10 (Reuters) - The Trump administration has proposed eliminating a 60-day grace period that allows certain immigrants, including skilled workers on H-1B visas, to stay in the United States and find a new sponsor after losing their job, according to a government notice posted online on Thursday.
Under the planned rule change, published in the Federal Register by the U.S. Department of Homeland Security, those with H-1B and certain other temporary work visas would have to leave the country as soon as their employment ends — a potential blow to top American tech companies that rely heavily on foreign workers.
It is the latest step by U.S. President Donald Trump to limit legal immigration since returning to office in January 2025. His administration has also introduced higher visa fees for skilled workers and recently paused immigrant visa appointments at U.S. missions globally while it implements a new training program.
Companies affected by the change could see some disruption, DHS wrote in its proposal, but it said the jobs could go to American workers instead. In some situations, immigrant workers who leave could potentially reapply if their employer petitions for them, it added.
#Companies #administration #skilled #visas
WASHINGTON, Sept 10 (Reuters) - The Trump administration has proposed eliminating a 60-day grace period that allows certain immigrants, including skilled workers on H-1B visas, to stay in the United States and find a new sponsor after losing their job, according to a government notice posted online on Thursday.
Under the planned rule change, published in the Federal Register by the U.S. Department of Homeland Security, those with H-1B and certain other temporary work visas would have to leave the country as soon as their employment ends — a potential blow to top American tech companies that rely heavily on foreign workers.
It is the latest step by U.S. President Donald Trump to limit legal immigration since returning to office in January 2025. His administration has also introduced higher visa fees for skilled workers and recently paused immigrant visa appointments at U.S. missions globally while it implements a new training program.
Companies affected by the change could see some disruption, DHS wrote in its proposal, but it said the jobs could go to American workers instead. In some situations, immigrant workers who leave could potentially reapply if their employer petitions for them, it added.
#Companies #administration #skilled #visas
8 hours ago
Biohaven (BHVN) stock plummeted Thursday after the company paused enrollment in a midstage study of its seizure treatment due to safety concerns.
The Food and Drug Administration is now requiring Biohaven to ***** s the potential for human toxicity from a metabolite in the drug, opakalim. Opakalim is in testing as a treatment for focal onset seizures. But, in rats, it proved toxic.
Dosing is still ongoing. But the rodent toxicity setback likely delays potential regulatory approval. That's a boon for Xenon Pharmaceuticals (XENE), which is in late-stage testing with its drug, azetukalner. Both drugs work by opening potassium channels in the nervous system to calm overactive brain cells.
On the stock market today, Biohaven stock dropped 14.7% to 12.79. Shares fell below their 21-day and 50-day moving averages on the news, MarketSurge shows. Xenon stock slid a fraction to 58.80.
To ask for FDA approval, Biohaven will need the results of studies called RISE-2 and RISE-3. The hold was placed on the former, but the latter is still ongoing. The company expects to have the results from RISE-3 later this year.
#toxicity
The Food and Drug Administration is now requiring Biohaven to ***** s the potential for human toxicity from a metabolite in the drug, opakalim. Opakalim is in testing as a treatment for focal onset seizures. But, in rats, it proved toxic.
Dosing is still ongoing. But the rodent toxicity setback likely delays potential regulatory approval. That's a boon for Xenon Pharmaceuticals (XENE), which is in late-stage testing with its drug, azetukalner. Both drugs work by opening potassium channels in the nervous system to calm overactive brain cells.
On the stock market today, Biohaven stock dropped 14.7% to 12.79. Shares fell below their 21-day and 50-day moving averages on the news, MarketSurge shows. Xenon stock slid a fraction to 58.80.
To ask for FDA approval, Biohaven will need the results of studies called RISE-2 and RISE-3. The hold was placed on the former, but the latter is still ongoing. The company expects to have the results from RISE-3 later this year.
#toxicity
9 hours ago
US natural gas production is projected to reach a record high of 111.7 billion cubic feet per day (bcfd) in 2026, up from 107.6 bcfd in 2025, according to the U.S. Energy Information Administration (EIA). By 2027, domestic supply is expected to hit 115.9 bcfd.
But that's only half the story.
Over the next two years, US natural gas supply and demand will both rise to record levels, the EIA states in its Short-Term Energy Outlook.
Domestic gas consumption is projected to rise from a record 91.9 bcfd in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027.
The agency said increased drilling efficiency, rising electricity demand, and expanding liquefied natural gas (LNG) export capacity continue to drive production despite selective capital spending by producers.
#bcfd #record #production #demand
But that's only half the story.
Over the next two years, US natural gas supply and demand will both rise to record levels, the EIA states in its Short-Term Energy Outlook.
Domestic gas consumption is projected to rise from a record 91.9 bcfd in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027.
The agency said increased drilling efficiency, rising electricity demand, and expanding liquefied natural gas (LNG) export capacity continue to drive production despite selective capital spending by producers.
#bcfd #record #production #demand
9 hours ago
LAS MINAS, Cuba (AP) — Liexer De La Cruz took a deep breath as he entered a federal courtroom in Miami, where life as he knew it would end.
It was Jan. 9, and he thought he was attending a routine immigration hearing — not deciding on the rest of his life in just seconds, having to choose between returning to Cuba or risking deportation at any moment. He didn't have a chance to confer with his wife and sister who were waiting outside.
De La Cruz had spent five years putting down roots in the United States after crossing almost a dozen countries by car, foot, bus and boat. He thought of what he and his wife had accomplished after crossing the U.S.-Mexico border into Texas in August 2021, obtaining the immigration forms in hopes of requesting green cards via the Cuban Adjustment Act.
"The first thing I did was call my aunt and I told her, 'I'm in the United States. I'm in the United States.' And we began to cry," he recalled.
Cubans have historically received preferential access to a pathway to U.S. citizenship via the Cuban Adjustment Act, but they have been increasingly targeted under the second Trump administration.
#cuban
It was Jan. 9, and he thought he was attending a routine immigration hearing — not deciding on the rest of his life in just seconds, having to choose between returning to Cuba or risking deportation at any moment. He didn't have a chance to confer with his wife and sister who were waiting outside.
De La Cruz had spent five years putting down roots in the United States after crossing almost a dozen countries by car, foot, bus and boat. He thought of what he and his wife had accomplished after crossing the U.S.-Mexico border into Texas in August 2021, obtaining the immigration forms in hopes of requesting green cards via the Cuban Adjustment Act.
"The first thing I did was call my aunt and I told her, 'I'm in the United States. I'm in the United States.' And we began to cry," he recalled.
Cubans have historically received preferential access to a pathway to U.S. citizenship via the Cuban Adjustment Act, but they have been increasingly targeted under the second Trump administration.
#cuban
9 hours ago
By Nate Raymond
BOSTON, Sept 11 (Reuters) - A federal judge on Friday blocked U.S. President Donald Trump's administration from continuing to ask applicants for civil service jobs throughout the government to respond to what unions described as a partisan "loyalty question."
U.S. District Judge George O'Toole in Boston sided with three unions representing government workers who sued last year after the administration began asking applicants for nonpartisan federal jobs to write essays explaining how they would help advance Trump's policies and executive orders.
The unions, including the American Federation of Government Employees, argued the question mandated by the Office of Personnel Management (OPM) unlawfully politicized the hiring process for career government workers by attempting to **** s their support for the Republican president.
O'Toole, an appointee of Democratic President Bill Clinton, said the question had been asked of applicants to positions ranging from an air traffic control specialist to a crane operator to a nuclear materials courier.
#applicants #unions #question #boston
BOSTON, Sept 11 (Reuters) - A federal judge on Friday blocked U.S. President Donald Trump's administration from continuing to ask applicants for civil service jobs throughout the government to respond to what unions described as a partisan "loyalty question."
U.S. District Judge George O'Toole in Boston sided with three unions representing government workers who sued last year after the administration began asking applicants for nonpartisan federal jobs to write essays explaining how they would help advance Trump's policies and executive orders.
The unions, including the American Federation of Government Employees, argued the question mandated by the Office of Personnel Management (OPM) unlawfully politicized the hiring process for career government workers by attempting to **** s their support for the Republican president.
O'Toole, an appointee of Democratic President Bill Clinton, said the question had been asked of applicants to positions ranging from an air traffic control specialist to a crane operator to a nuclear materials courier.
#applicants #unions #question #boston
9 hours ago
The Department of Homeland Security (DHS) said a California woman was fatally shot outside a Sacramento County Panera Bread Tuesday by an illegal immigrant who had stalked her for months and was subject to a restraining order.
Shalini Thakur, 38, was standing near her car when Rohit Rohit, an illegal immigrant from India, approached her, chased her when she tried to flee and shot her in the head before getting in a car and driving away, DHS said.
Responding police officers caught up to him, but Rohit took his own life with a gun, according to authorities.
Biden Admin Released Illegal Immigrant Accused Of Fatally Stabbing Fairfax County Mother
Rohit Rohit, an illegal immigrant from India, stalked a California woman for months before fatally shooting her in a parking lot this week and taking his own life. Rohit entered the United States illegally through Arizona and was released by the Biden administration, the Department of Homeland Security said.
#immigrant #department #India
Shalini Thakur, 38, was standing near her car when Rohit Rohit, an illegal immigrant from India, approached her, chased her when she tried to flee and shot her in the head before getting in a car and driving away, DHS said.
Responding police officers caught up to him, but Rohit took his own life with a gun, according to authorities.
Biden Admin Released Illegal Immigrant Accused Of Fatally Stabbing Fairfax County Mother
Rohit Rohit, an illegal immigrant from India, stalked a California woman for months before fatally shooting her in a parking lot this week and taking his own life. Rohit entered the United States illegally through Arizona and was released by the Biden administration, the Department of Homeland Security said.
#immigrant #department #India
10 hours ago
WASHINGTON, Sept 11 (Reuters) - The contractor responsible for renovating the Lincoln Memorial Reflecting Pool in Washington told U.S. President Donald Trump's administration that errors in its work and flaws in the repair plan caused the pool's liner to peel and break loose, the New York Times reported on Friday, citing documents it reviewed.
Trump has repeatedly blamed problems with the newly renovated pool, including its new blue paint peeling off, on vandalism.
According to the New York Times, citing the documents, Atlantic Industrial Coatings found problems in the design and execution of the renovation.
Workers did not spray enough primer in some areas, the contractor said in the cited documents, and layers of the liner included incompatible chemicals. The bottom layer blistered and loosened as the chemical on top reached a hotter temperature than the one underneath could withstand, the New York Times said.
The documents include the contractor's reports to the government and daily progress updates from the National Park Service over the past two months, the New York Times said.
#sept
Trump has repeatedly blamed problems with the newly renovated pool, including its new blue paint peeling off, on vandalism.
According to the New York Times, citing the documents, Atlantic Industrial Coatings found problems in the design and execution of the renovation.
Workers did not spray enough primer in some areas, the contractor said in the cited documents, and layers of the liner included incompatible chemicals. The bottom layer blistered and loosened as the chemical on top reached a hotter temperature than the one underneath could withstand, the New York Times said.
The documents include the contractor's reports to the government and daily progress updates from the National Park Service over the past two months, the New York Times said.
#sept
20 hours ago
CAPE TOWN, South Africa (AP) — The Trump administration has provided a $99.6 million loan to a U.S.-owned cell phone network operator in Africa to expand American tech presence on a continent where China's Huawei is a leading player.
The loan from the U.S. government's Export-Import Bank was announced by the operator Africell on Friday. It is the only U.S.-owned cell network operator in Africa.
Africell said in a statement the loan would "boost U.S.-based employment in the telecommunications sector and strengthen American technology leadership abroad." It said the money would allow it to invest specifically in American and European technology for its operations in the southern African country of Angola.
Africell also operates in Congo, Sierra Leone and Gambia, it said.
Huawei is the world's biggest supplier of telecommunications network equipment and is estimated to have supplied more than half the 4G and 5G network infrastructure in Africa.
#loan
The loan from the U.S. government's Export-Import Bank was announced by the operator Africell on Friday. It is the only U.S.-owned cell network operator in Africa.
Africell said in a statement the loan would "boost U.S.-based employment in the telecommunications sector and strengthen American technology leadership abroad." It said the money would allow it to invest specifically in American and European technology for its operations in the southern African country of Angola.
Africell also operates in Congo, Sierra Leone and Gambia, it said.
Huawei is the world's biggest supplier of telecommunications network equipment and is estimated to have supplied more than half the 4G and 5G network infrastructure in Africa.
#loan
21 hours ago
WASHINGTON (AP) — President Donald Trump said Wednesday that oil prices that have surged because of the Iran war likely won't come down until after U.S. midterm elections.
Oil prices on Wednesday jumped more than 3%, pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran escalated.
"Right after the election, oil prices are going to be tumbling downward," Trump said. "I think it's going to take a little bit longer than the midterm."
The comments were a striking acknowledgment from Trump about the conflict as his Republican administration faces mounting pressure to address high gas prices as the war in Iran grinds on with no conclusion in sight.
Trump, in an exchange with reporters before traveling to Dallas for the midterm Republican convention, added that he believes Iran will finally relent after the pivotal elections are held in the U.S.
#midterm
Oil prices on Wednesday jumped more than 3%, pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran escalated.
"Right after the election, oil prices are going to be tumbling downward," Trump said. "I think it's going to take a little bit longer than the midterm."
The comments were a striking acknowledgment from Trump about the conflict as his Republican administration faces mounting pressure to address high gas prices as the war in Iran grinds on with no conclusion in sight.
Trump, in an exchange with reporters before traveling to Dallas for the midterm Republican convention, added that he believes Iran will finally relent after the pivotal elections are held in the U.S.
#midterm
1 day ago
Sept 10 (Reuters) - Saudi Crown Prince Mohammed bin Salman called U.S. President Donald Trump twice on Thursday and urged him to launch strikes against the Houthis, Axios reported, citing two U.S. officials.
Trump rejected the request, and U.S. officials said the administration does not intend to take direct military action against the Houthis at this time, the report said.
Reuters could not immediately verify the report. The White House and Saudi embassy in Washington did not immediately respond to requests for comment outside regular business hours.
According to Axios, the U.S. is increasingly concerned about the rapidly escalating conflict in Yemen and is stepping up support for Saudi Arabia while seeking to avoid direct military involvement.
Admiral Brad Cooper, commander of the U.S. Central Command, traveled to Saudi Arabia on Thursday for urgent coordination talks, according to the report.
#Trump #thursday #axios #officials
Trump rejected the request, and U.S. officials said the administration does not intend to take direct military action against the Houthis at this time, the report said.
Reuters could not immediately verify the report. The White House and Saudi embassy in Washington did not immediately respond to requests for comment outside regular business hours.
According to Axios, the U.S. is increasingly concerned about the rapidly escalating conflict in Yemen and is stepping up support for Saudi Arabia while seeking to avoid direct military involvement.
Admiral Brad Cooper, commander of the U.S. Central Command, traveled to Saudi Arabia on Thursday for urgent coordination talks, according to the report.
#Trump #thursday #axios #officials
1 day ago
After signing what President Donald Trump touted as "the biggest oil deal in world history" to take majority control of 65 billion barrels of proven crude oil reserves in Venezuela, the U.S. Administration is setting its sights on the South American country's potentially vast gold and critical minerals wealth.
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.
#venezuela
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.
#venezuela
1 day ago
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Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
1 day ago
President Donald Trump is making his mark on the U.S. economy. The Trump administration's tariff policies (including a trade war with Canada) and the war with Iran have driven up energy prices and contributed to accelerating inflation. This "Trumpflation" is driving up costs across the economy.
Research from the non-profit ****** ytics group Tax Foundation indicates that Trump-backed tariffs increased costs by about $1,000 per U.S. household in 2025 and $840 per household so far in 2026. Tariffs are import taxes levied on goods imported from other countries. Those costs are ultimately borne by U.S. businesses or are often passed on to American consumers.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Trump's war with Iran has caused major disruptions to global shipments of oil and natural gas from the strategically vital Strait of Hormuz. That has caused energy prices to go up in 2026. U.S. gasoline prices are back on the rise (but remain down somewhat from their March 2026 high), and diesel prices reached an all-time high national average of $5.897 per gallon as of Sept. 6, according to AAA research. Higher diesel costs are likely to lead to higher inflation for groceries and many consumer products on store shelves that rely on diesel-fueled trucks for distribution to retailers.
Trump seems unlikely to give up on his tariff policies anytime soon, and the Iran conflict might not truly "end" in 2026 or 2027. With an uncertain future of possibly higher inflation and higher energy prices, how should you invest?
#prices #higher #costs #NVIDIA
Research from the non-profit ****** ytics group Tax Foundation indicates that Trump-backed tariffs increased costs by about $1,000 per U.S. household in 2025 and $840 per household so far in 2026. Tariffs are import taxes levied on goods imported from other countries. Those costs are ultimately borne by U.S. businesses or are often passed on to American consumers.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Trump's war with Iran has caused major disruptions to global shipments of oil and natural gas from the strategically vital Strait of Hormuz. That has caused energy prices to go up in 2026. U.S. gasoline prices are back on the rise (but remain down somewhat from their March 2026 high), and diesel prices reached an all-time high national average of $5.897 per gallon as of Sept. 6, according to AAA research. Higher diesel costs are likely to lead to higher inflation for groceries and many consumer products on store shelves that rely on diesel-fueled trucks for distribution to retailers.
Trump seems unlikely to give up on his tariff policies anytime soon, and the Iran conflict might not truly "end" in 2026 or 2027. With an uncertain future of possibly higher inflation and higher energy prices, how should you invest?
#prices #higher #costs #NVIDIA
1 day ago
An illegal immigrant from El Salvador was returned to his home country this week after the Department of Homeland Security took him into custody in sanctuary Fairfax County, Virginia, where he had just served an abbreviated jail sentence, and deported him.
The case is the latest in a string of controversies involving illegal immigrants plaguing the Democrat-led county adjacent to Washington, D.C., where sanctuary policies run up against the Trump administration's heavy-handed approach to removing people who do not belong in the U.S.
"This groper is gone," an ICE spokesperson told Fox News Digital.
Illegal Immigrant Israel Flores-ortiz Gets 360 Days For Groping Girls At Fairfax County Va. High School
A photo of the Fairfax High School campus in Fairfax, Va., from March 15, 2022. At right is a mugshot of Israel Flores-Ortiz, accused of groping girls at Fairfax High School, taken in March 2025.
#county #Israel #immigrant
The case is the latest in a string of controversies involving illegal immigrants plaguing the Democrat-led county adjacent to Washington, D.C., where sanctuary policies run up against the Trump administration's heavy-handed approach to removing people who do not belong in the U.S.
"This groper is gone," an ICE spokesperson told Fox News Digital.
Illegal Immigrant Israel Flores-ortiz Gets 360 Days For Groping Girls At Fairfax County Va. High School
A photo of the Fairfax High School campus in Fairfax, Va., from March 15, 2022. At right is a mugshot of Israel Flores-Ortiz, accused of groping girls at Fairfax High School, taken in March 2025.
#county #Israel #immigrant
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2 days ago
By Nate Raymond
Sept 8 (Reuters) - A U.S. appeals court on Tuesday upheld an injunction blocking an Internal Revenue Service policy that allowed it to share thousands of taxpayers' addresses with immigration authorities, saying the Trump administration's practice violated federal law.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled that the IRS last year disclosed roughly 47,000 taxpayer addresses to U.S. Immigration and Customs Enforcement under a procedure adopted as part of the administration's efforts to expand immigration enforcement.
The IRS and U.S. Department of Homeland Security, which oversees ICE, did not respond to requests for comment.
Under an agreement between the agencies, the IRS in July 2025 began processing ICE requests for the last known addresses of as many as 1.28 million people suspected of unlawfully residing in the United States.
#immigration #addresses #court #last
Sept 8 (Reuters) - A U.S. appeals court on Tuesday upheld an injunction blocking an Internal Revenue Service policy that allowed it to share thousands of taxpayers' addresses with immigration authorities, saying the Trump administration's practice violated federal law.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled that the IRS last year disclosed roughly 47,000 taxpayer addresses to U.S. Immigration and Customs Enforcement under a procedure adopted as part of the administration's efforts to expand immigration enforcement.
The IRS and U.S. Department of Homeland Security, which oversees ICE, did not respond to requests for comment.
Under an agreement between the agencies, the IRS in July 2025 began processing ICE requests for the last known addresses of as many as 1.28 million people suspected of unlawfully residing in the United States.
#immigration #addresses #court #last
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2 days ago
By Julia Harte
Sept 9 (Reuters) - The Trump administration proposed on Wednesday changing the national census to include only U.S. citizens and permanent residents, a move that could significantly change how much political representation and federal funding each state receives.
The U.S. Census Bureau submitted the proposal just over a year after President Donald Trump ordered its parent agency to craft a new census that would block immigrants in the U.S. illegally from being counted. The bureau will conduct the next full census in 2030.
The proposed rule changes would exclude even more immigrants from the census, such as those in the U.S. on a temporary lawful basis. The proposed changes would also eliminate parts of the questionnaire that seek information on race or ethnicity, which have been included since the first census in 1790.
The proposal is open to public comment for 30 days.
#julia #harte
Sept 9 (Reuters) - The Trump administration proposed on Wednesday changing the national census to include only U.S. citizens and permanent residents, a move that could significantly change how much political representation and federal funding each state receives.
The U.S. Census Bureau submitted the proposal just over a year after President Donald Trump ordered its parent agency to craft a new census that would block immigrants in the U.S. illegally from being counted. The bureau will conduct the next full census in 2030.
The proposed rule changes would exclude even more immigrants from the census, such as those in the U.S. on a temporary lawful basis. The proposed changes would also eliminate parts of the questionnaire that seek information on race or ethnicity, which have been included since the first census in 1790.
The proposal is open to public comment for 30 days.
#julia #harte
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2 days ago
Rochester, New York-based Paychex, Inc. (PAYX) is a leading human capital management company. Its cloud-based platforms, including Paychex Flex, Paycor and SurePayroll, serve businesses across the employee lifecycle, from hiring and onboarding to payroll administration and benefits management.
Companies with a market cap of $10 billion or more are typically referred to as "big-cap stocks." PAYX, with a market cap of $36 billion, fits right into that category. Its competitive position is supported by its broad, integrated payroll and HR platform, deep compliance expertise, personalized service and scalable solutions for small and mid-sized businesses. Its large customer base and recurring payroll relationships create opportunities to cross-sell benefits, retirement, insurance and HR outsourcing services, while its Paychex Flex and Paycor platforms expand its reach across business sizes. Investments in AI, workforce ***** ytics and automation further strengthen its technology offering.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why ***** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#based
Companies with a market cap of $10 billion or more are typically referred to as "big-cap stocks." PAYX, with a market cap of $36 billion, fits right into that category. Its competitive position is supported by its broad, integrated payroll and HR platform, deep compliance expertise, personalized service and scalable solutions for small and mid-sized businesses. Its large customer base and recurring payroll relationships create opportunities to cross-sell benefits, retirement, insurance and HR outsourcing services, while its Paychex Flex and Paycor platforms expand its reach across business sizes. Investments in AI, workforce ***** ytics and automation further strengthen its technology offering.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why ***** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#based
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2 days ago
Maria Bartiromo broke her silence days after departing Fox News, where she was reportedly fired for sharing internal guidance with the Trump administration, a claim her attorney has denied.
In a cryptic post on X on Thursday, the longtime Fox Business anchor shared a photo of a rainbow appearing through storm clouds.
"Thank you to all friends & followers for your amazing words I am so grateful for the outpouring of love," Bartiromo wrote. "I love you all. here's a great shot of the [rainbow] breaking through, I snapped the other day. More to come."
Maria Bartiromo broke her silence after leaving Fox News, where she was reportedly fired for sharing internal guidance with the Trump administration (Getty Images)
This is a breaking story...
#internal
In a cryptic post on X on Thursday, the longtime Fox Business anchor shared a photo of a rainbow appearing through storm clouds.
"Thank you to all friends & followers for your amazing words I am so grateful for the outpouring of love," Bartiromo wrote. "I love you all. here's a great shot of the [rainbow] breaking through, I snapped the other day. More to come."
Maria Bartiromo broke her silence after leaving Fox News, where she was reportedly fired for sharing internal guidance with the Trump administration (Getty Images)
This is a breaking story...
#internal
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4 days ago
Harbor Funds, an investment management company, released its Q2 2026 investor letter for "Harbor Mid Cap Value Fund". The letter can be downloaded here. Global equities experienced a sharp rally in Q2 2026, with the S&P 500 returning 15.2%, its strongest quarter since 2020, driven by a shift from software to hardware in the Artificial Intelligence capital spending cycle. Small caps outperformed large caps, with the Russell 2000® gaining 21.5% compared to the Russell 1000's 15.1%. Growth stocks led within large caps, while Information Technology rose about 33%, contributing significantly to the S&P 500's return. The Harbor Mid Cap Value Fund returned 13.99%, outperforming its benchmark, the Russell Midcap Value Index. Strong stock selection in Consumer Discretionary, Real Estate, and Financials contributed positively, although an underweight in Information Technology negatively impacted results. Despite ongoing economic uncertainties, the investment philosophy remains committed to a disciplined value approach. Check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted State Street Corporation (NYSE:STT) as a material contributor to performance. State Street Corporation (NYSE:STT) is leading US-based financial services company providing custody, accounting, and fund administration services. On September 04, 2026, State Street Corporation (NYSE:STT) closed at $194.26 per share. Over the past month, State Street Corporation (NYSE:STT) returned 3.61%, and its shares are up 73.23% over the past year. State Street Corporation (NYSE:STT) has a market capitalization of $53.36 billion, and its stock has traded within a 52-week range of $104.64 to $195.93.
Harbor Mid Cap Value Fund stated the following regarding State Street Corporation (NYSE:STT) in its Q2 2026 investor letter:
"The top contributors in the second quarter included three Information Technology holdings, as well as Garrett Motion in the Consumer Discretionary sector and State Street Corporation (NYSE:STT) in Financials. State Street advanced due to a strong earnings report highlighting increases in fee-based revenues, expanding ******* ets under management and ******* ets under custody/administration. The company increased its dividend and continued to buy back shares, which pleased investors. We trimmed our exposure."
State Street Corporation (NYSE:STT) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 52 hedge fund portfolios held State Street Corporation (NYSE:STT) at the end of the second quarter, the same as in the previous quarter. While we acknowledge the potential of State Street Corporation (NYSE:STT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend,
In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted State Street Corporation (NYSE:STT) as a material contributor to performance. State Street Corporation (NYSE:STT) is leading US-based financial services company providing custody, accounting, and fund administration services. On September 04, 2026, State Street Corporation (NYSE:STT) closed at $194.26 per share. Over the past month, State Street Corporation (NYSE:STT) returned 3.61%, and its shares are up 73.23% over the past year. State Street Corporation (NYSE:STT) has a market capitalization of $53.36 billion, and its stock has traded within a 52-week range of $104.64 to $195.93.
Harbor Mid Cap Value Fund stated the following regarding State Street Corporation (NYSE:STT) in its Q2 2026 investor letter:
"The top contributors in the second quarter included three Information Technology holdings, as well as Garrett Motion in the Consumer Discretionary sector and State Street Corporation (NYSE:STT) in Financials. State Street advanced due to a strong earnings report highlighting increases in fee-based revenues, expanding ******* ets under management and ******* ets under custody/administration. The company increased its dividend and continued to buy back shares, which pleased investors. We trimmed our exposure."
State Street Corporation (NYSE:STT) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 52 hedge fund portfolios held State Street Corporation (NYSE:STT) at the end of the second quarter, the same as in the previous quarter. While we acknowledge the potential of State Street Corporation (NYSE:STT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend,
4 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
"People that are against Tariffs are FOOLS!" President Donald Trump posted on Truth Social in November 2025, according to CNN (1). "A dividend of at least $2,000 a person (not including high income people!) will be paid to everyone."
However, the administration hasn't issued an update on this idea since then.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#Gold
"People that are against Tariffs are FOOLS!" President Donald Trump posted on Truth Social in November 2025, according to CNN (1). "A dividend of at least $2,000 a person (not including high income people!) will be paid to everyone."
However, the administration hasn't issued an update on this idea since then.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#Gold
4 days ago
While all drugs sold to American consumers face a rigorous approval process, that's not the case when it comes to supplements. The Food and Drug Administration (FDA) does not approve supplements, and while there are some limits to the claims that can be made by companies in this ******* e, there's a fair amount of latitude.
"The manufacturer must have substantiation that the claim is truthful and not misleading and must submit a notification with the text of the claim to FDA no later than 30 days after marketing the dietary supplement with the claim. If a dietary supplement label includes such a claim, it must state in a 'disclaimer' that FDA has not evaluated the claim," according to the FDA website.
Supplement makers can make certain structure/function claims without FDA preapproval, as long as they have substantiation that the claims are truthful and not misleading, and that they meet the agency's other requirements.
"The disclaimer must also state that the dietary supplement product is not intended to 'diagnose, treat, cure or prevent any disease,' because only a drug can legally make such a claim," the federal agency shared.
It's a legal grey area that allows supplements to advertise that they can help with fitness, hair growth, sleep, and your ability to focus.
#claims #dietary
"The manufacturer must have substantiation that the claim is truthful and not misleading and must submit a notification with the text of the claim to FDA no later than 30 days after marketing the dietary supplement with the claim. If a dietary supplement label includes such a claim, it must state in a 'disclaimer' that FDA has not evaluated the claim," according to the FDA website.
Supplement makers can make certain structure/function claims without FDA preapproval, as long as they have substantiation that the claims are truthful and not misleading, and that they meet the agency's other requirements.
"The disclaimer must also state that the dietary supplement product is not intended to 'diagnose, treat, cure or prevent any disease,' because only a drug can legally make such a claim," the federal agency shared.
It's a legal grey area that allows supplements to advertise that they can help with fitness, hair growth, sleep, and your ability to focus.
#claims #dietary
4 days ago
Lucid Group, Inc. (NASDAQ:LCID) is recalling 27,185 of its Air luxury sedans in the U.S. because an exterior lighting circuit could overheat and raise the risk of fire, the National Highway Traffic Safety Administration said on August 28.
NHTSA told owners to park outside and away from structures until a fix is deployed and warned the overheating circuit could also knock out exterior lighting, raising crash risk too. Lucid already released a free over-the-air software update, and NHTSA said 20,719 of the affected vehicles had received it before the announcement.
The recall is Lucid's largest ever, covering more cars than it delivered in all of 2025, when it handed over 15,841 vehicles. It follows a May recall of 2,039 vehicles over lost drive power and a January recall of more than 10,000 vehicles over rearview camera problems.
Lucid Group, Inc. (NASDAQ:LCID)'s top line continues to grow despite its operational challenges, as second-quarter revenue jumped 56% year over year to about $405 million and 44% sequentially. The growth was helped by higher deliveries, a better product mix, a 3.7% increase in average selling price, and $25 million in additional regulatory credit sales. This growth gives Lucid a stronger revenue base as management works to improve the firm's basic economics.
New CEO Silvio Napoli has also introduced a specific turnaround plan with measurable targets. His operational reset plans to generate $1.4 billion in cash-flow improvements this year. It directly addresses problems such as premature product launches, inadequate service investment, and slow responses to quality issues. A more disciplined approach could help Lucid reduce execution problems and rebuild investor confidence.
#lucid #recall #problems #group
NHTSA told owners to park outside and away from structures until a fix is deployed and warned the overheating circuit could also knock out exterior lighting, raising crash risk too. Lucid already released a free over-the-air software update, and NHTSA said 20,719 of the affected vehicles had received it before the announcement.
The recall is Lucid's largest ever, covering more cars than it delivered in all of 2025, when it handed over 15,841 vehicles. It follows a May recall of 2,039 vehicles over lost drive power and a January recall of more than 10,000 vehicles over rearview camera problems.
Lucid Group, Inc. (NASDAQ:LCID)'s top line continues to grow despite its operational challenges, as second-quarter revenue jumped 56% year over year to about $405 million and 44% sequentially. The growth was helped by higher deliveries, a better product mix, a 3.7% increase in average selling price, and $25 million in additional regulatory credit sales. This growth gives Lucid a stronger revenue base as management works to improve the firm's basic economics.
New CEO Silvio Napoli has also introduced a specific turnaround plan with measurable targets. His operational reset plans to generate $1.4 billion in cash-flow improvements this year. It directly addresses problems such as premature product launches, inadequate service investment, and slow responses to quality issues. A more disciplined approach could help Lucid reduce execution problems and rebuild investor confidence.
#lucid #recall #problems #group
4 days ago
Solana (SOL) has gone up by 44% in the past 30 days, and bulls have managed to defend the $100 psychological support in the past few days, as demand seems resilient to macroeconomic woes.
Trading volumes jumped by 64% in the past 24 hours, after the token bounced strongly off the $100 threshold. At $3.5 billion, this level of activity accounts for nearly 6% of the ****** et's circulating market cap.
Last week, after a brief drop to 50%, the odds of a rate hike in September by the Federal Reserve jumped back to 58%, following a better-than-expected jobs report in the United States.
However, President Donald Trump has addressed Fed officials directly, and the rhetoric between the White House and the country's central bank seems to be getting heated.
Trump's administration is pressuring the Fed to lower rates during the next FOMC meeting, but the latest minutes indicate that the Committee is actually leaning toward a rate hike.
#past #rate #Solana #september
Trading volumes jumped by 64% in the past 24 hours, after the token bounced strongly off the $100 threshold. At $3.5 billion, this level of activity accounts for nearly 6% of the ****** et's circulating market cap.
Last week, after a brief drop to 50%, the odds of a rate hike in September by the Federal Reserve jumped back to 58%, following a better-than-expected jobs report in the United States.
However, President Donald Trump has addressed Fed officials directly, and the rhetoric between the White House and the country's central bank seems to be getting heated.
Trump's administration is pressuring the Fed to lower rates during the next FOMC meeting, but the latest minutes indicate that the Committee is actually leaning toward a rate hike.
#past #rate #Solana #september
4 days ago
Reuters reported that President Donald Trump bought between $15,001 and $50,000 in ***** e Exploration Technologies Corp. (NASDAQ:SPCX) shares on June 23, according to a financial disclosure signed August 12 and made public August 22.
The purchase, part of more than 1,000 stock trades Trump made that month, came two weeks after ***** eX's June 12 IPO, the biggest in U.S. history, which valued the company at $1.77 trillion. White House spokesman Davis Ingle said third-party financial institutions manage the president's portfolio independently and that "neither President Trump nor any member of his family has any ability to direct, influence, or provide input" on the investments.
Reuters previously reported that Small Business Administration head Kelly Loeffler, a Trump cabinet member, also earned millions from ***** eX-related investments.
Copyright: sdecoret / 123RF Stock Photo
The disclosure shows a favorable policy environment for ***** e Exploration Technologies Corp. (NASDAQ:SPCX). President Donald Trump has directed his administration to help sharply increase the number of U.S. commercial ***** e launches. It is a policy priority that could benefit ***** eX given its leading position in the launch market.
#corp #NASDAQ
The purchase, part of more than 1,000 stock trades Trump made that month, came two weeks after ***** eX's June 12 IPO, the biggest in U.S. history, which valued the company at $1.77 trillion. White House spokesman Davis Ingle said third-party financial institutions manage the president's portfolio independently and that "neither President Trump nor any member of his family has any ability to direct, influence, or provide input" on the investments.
Reuters previously reported that Small Business Administration head Kelly Loeffler, a Trump cabinet member, also earned millions from ***** eX-related investments.
Copyright: sdecoret / 123RF Stock Photo
The disclosure shows a favorable policy environment for ***** e Exploration Technologies Corp. (NASDAQ:SPCX). President Donald Trump has directed his administration to help sharply increase the number of U.S. commercial ***** e launches. It is a policy priority that could benefit ***** eX given its leading position in the launch market.
#corp #NASDAQ
5 days ago
By Ayose Naranjo
HAVANA, Sept 7 (Reuters) - Cuba's top diplomat said on Monday there are no talks underway with the United States, nor were there any plans for future negotiations, amid a "genocidal" blockade that Cuba says has cost the island nation over $8 billion in economic damages in the last year.
"There are no negotiations or agendas, although a willingness to stay in contact remains despite the lack of progress," Cuba's foreign minister, Bruno Rodriguez, told reporters at a press conference in Havana.
Rodriguez said that damages caused by the decades-old U.S. trade embargo against Cuba had jumped 7 percent in 2025 versus the previous year, to $8.1 billion.
Cuba's foreign minister said the financial hit to Cuba`s economy would balloon in the first months of 2026, after the Trump administration imposed an oil blockade on the island that has all but decimated output and led to nationwide blackouts that now span days.
#havana #billion
HAVANA, Sept 7 (Reuters) - Cuba's top diplomat said on Monday there are no talks underway with the United States, nor were there any plans for future negotiations, amid a "genocidal" blockade that Cuba says has cost the island nation over $8 billion in economic damages in the last year.
"There are no negotiations or agendas, although a willingness to stay in contact remains despite the lack of progress," Cuba's foreign minister, Bruno Rodriguez, told reporters at a press conference in Havana.
Rodriguez said that damages caused by the decades-old U.S. trade embargo against Cuba had jumped 7 percent in 2025 versus the previous year, to $8.1 billion.
Cuba's foreign minister said the financial hit to Cuba`s economy would balloon in the first months of 2026, after the Trump administration imposed an oil blockade on the island that has all but decimated output and led to nationwide blackouts that now span days.
#havana #billion
5 days ago
The Internal Revenue Service collected less money from audits in 2025 — a direct result of losing many employees to cost cutting measures by the Trump administration, according to a new watchdog report.
The Treasury Inspector General for Tax Administration (TIGTA) said that in fiscal 2025, ending Sept. 30, the IRS collected $6.5 billion in revenue from tax audits, down from $10 billion the year prior.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#revenue #internal
The Treasury Inspector General for Tax Administration (TIGTA) said that in fiscal 2025, ending Sept. 30, the IRS collected $6.5 billion in revenue from tax audits, down from $10 billion the year prior.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#revenue #internal
5 days ago
(NewsNation) — Rising costs continue to squeeze American households, with prices climbing across groceries, gas and health insurance.
Beef prices have jumped for numerous reasons, including a shrinking U.S. cattle herd, drought, consumer demand, and inflation. Ground beef prices are nearing $7 per pound, up $0.63 since July 2025, and sirloin steaks have jumped to nearly $15 per pound, up $1.04 since July 2025.
Food prices in July 2026 were 3% higher than in July 2025, per the U.S. Department of Agriculture's Economic Research Service.
The ongoing war in Iran has led to rising gas prices, with the national average currently at about $4.14, nearly a dollar higher than it was just a year ago, according to AAA.
Trump administration drafts proposal to pay stay-at-home parents
#beef #higher
Beef prices have jumped for numerous reasons, including a shrinking U.S. cattle herd, drought, consumer demand, and inflation. Ground beef prices are nearing $7 per pound, up $0.63 since July 2025, and sirloin steaks have jumped to nearly $15 per pound, up $1.04 since July 2025.
Food prices in July 2026 were 3% higher than in July 2025, per the U.S. Department of Agriculture's Economic Research Service.
The ongoing war in Iran has led to rising gas prices, with the national average currently at about $4.14, nearly a dollar higher than it was just a year ago, according to AAA.
Trump administration drafts proposal to pay stay-at-home parents
#beef #higher
5 days ago
While all drugs sold to American consumers face a rigorous approval process, that's not the case when it comes to supplements. The Food and Drug Administration (FDA) does not approve supplements, and while there are some limits to the claims that can be made by companies in this **** e, there's a fair amount of latitude.
"The manufacturer must have substantiation that the claim is truthful and not misleading and must submit a notification with the text of the claim to FDA no later than 30 days after marketing the dietary supplement with the claim. If a dietary supplement label includes such a claim, it must state in a 'disclaimer' that FDA has not evaluated the claim," according to the FDA website.
Supplement makers can make certain structure/function claims without FDA preapproval, as long as they have substantiation that the claims are truthful and not misleading, and that they meet the agency's other requirements.
"The disclaimer must also state that the dietary supplement product is not intended to 'diagnose, treat, cure or prevent any disease,' because only a drug can legally make such a claim," the federal agency shared.
It's a legal grey area that allows supplements to advertise that they can help with fitness, hair growth, sleep, and your ability to focus.
#must #drug #substantiation
"The manufacturer must have substantiation that the claim is truthful and not misleading and must submit a notification with the text of the claim to FDA no later than 30 days after marketing the dietary supplement with the claim. If a dietary supplement label includes such a claim, it must state in a 'disclaimer' that FDA has not evaluated the claim," according to the FDA website.
Supplement makers can make certain structure/function claims without FDA preapproval, as long as they have substantiation that the claims are truthful and not misleading, and that they meet the agency's other requirements.
"The disclaimer must also state that the dietary supplement product is not intended to 'diagnose, treat, cure or prevent any disease,' because only a drug can legally make such a claim," the federal agency shared.
It's a legal grey area that allows supplements to advertise that they can help with fitness, hair growth, sleep, and your ability to focus.
#must #drug #substantiation
